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. >> reporter: jim jacobson has sold 22% of the residences at the ritz to affluent chinese. >> basically they don't have a place to put their money. they look at their own economy where as place where it's unstable. the housing market is unstable there. >> reporter: this housing complex in irvine california is being built for chinese buyers. no unlucky 4s in the building and multientrances for different generations. back in china they say it's not a threat to america. >> american is known for quality so china looks at foreign made products in general as things they can truck. >> reporter: after all that eagle is on the bottle because what so many chinese want is something made in the u.s. ben tracy, cbs news, napa valley. >>> the big question for kids this week, what did you get from santa? >> we went door door in pacifica to find out. kids ranged from air hockey to perfume. it was clear a lot of young people were thrilled to receive their presents. >> i got a red sled and skim board and skateboard i got some santa claus outfit, that's the hat. >> and what would christmas be like without
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